40% intend to use crypto for payments in the next year: Mastercard survey

Millennials are big on crypto with 77% wanting to learn more. A survey by credit card giant Mastercard has revealed that four in ten people plan to use cryptocurrency for payments within the next year. The survey, published on May 4 and titled ‘Consumer Appetite for Digital Payments Takes Off’, polled more than 15,500 people across 18 countries. It revealed that millennials are especially engaged in cryptocurrencies, with over two-thirds, or 67%, agreeing they are more open to using cryptocurrency than they were a year ago. Additionally, it reported that…

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New York bill proposes to ban crypto mining for 3 years over carbon concerns

A bill seeking to “pause” crypto mining for three years in New York was referred to the state’s Environmental Conservation committee on May 3. Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman of Committee on Energy and Telecommunications, and co-sponsored by fellow Democrat senator Rachel May, the Chair of Committee on Aging, Chair of Legislative Commission on Rural Resources.…

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Employer Wants Cryptocurrency Back From Employee After Price Soars 700%, Offers to Pay in US Dollars Instead

A company paid an employee for his work done in cryptocurrency. However, after the price of the cryptocurrency skyrocketed 700%, the employer wants the coins back, offering to pay the employee in U.S. dollars instead. Employer Wants Crypto Back After It Rose 700% Marketwatch published a letter to The Moneyist columnist, Quentin Fottrell, Monday from someone asking for advice about crypto payments he received from his employer. The Moneyist is a service that provides answers to all sorts of dilemmas, and Fottrell is the publication’s personal finance editor as well…

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Four crypto veterans pledge to give at least 1% of their wealth to charity each year

Ryan Selkis, Dan Matuszewski, Qiao Wang and Haseeb Qureshi join the new crypto donations initiative established by The Giving Block. Four crypto and blockchain veterans have joined Founders Circle, an industry group supporting The Giving Block’s new crypto-focused charity drive.  The “Crypto Giving Pledge” encourages cryptocurrency investors and businesses to donate at least 1% of their holdings to charities each year. The initiative is part of The Giving Block’s mandate of increasing charitable giving and enabling more nonprofits to accept cryptocurrency donations. The Giving Block assembled Founders Circle to promote the…

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Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times

DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settlement platform and plans to launch its first security token offering in the second quarter, its CEO has revealed. DBS’ Crypto Business Sees Massive Growth A leading financial services group headquartered in Singapore, DBS, talked about the performance of its crypto exchange during the media briefing for its first-quarter earnings results last week. DBS operates across…

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Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries

The Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones. A royal decree recently enacted aligns current regulations with the European Union’s directives regarding anti-money laundering (AML). Rule Aligns With the European AMLD5 Policies According to the decree published in the state official newsletter, Spanish laws now follow the directive 2018/843, commonly known as AMLD5. Specifically, crypto exchanges and custodial firms must share customers’ data with the whole European bloc. That said, domestic crypto businesses should be registered with Spain’s…

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Bitcoin Miners Brought In $56 Million Per Day In April

Bitcoin miners generated more than $56 million on average per day in April 2021, making it the industry’s second strongest month ever. The Bitcoin mining industry saw its second strongest month ever in April 2021, generating total revenue of $1,702,531,320, or $56,751,044 per day on average, as a spike in transaction fees helped make up for slight downward pressure on price. Total miner revenue per day in the month of April 2021. The strong total revenue figures can be partially attributed to the fall in hash rate that occurred earlier…

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Axie Infinity (AXS) rallies 80% following migration to Ronin sidechain

AXS and SLP price surged following the project’s successful migration to the Ronin sidechain on the Ethereum network. Nonfungible tokens were one of the hottest sectors of the cryptocurrency market from the start of the year until March but as is the nature of the crypto sector, NFTs cooled off significantly in April as the hype died down and high fees on the Ethereum (ETH) network hampered the ability of buyers and sellers to interact with the protocols.  The challenge of high fees eventually led some projects like Axie Infinity…

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Crypto community remembers Hal Finney’s contributions to blockchain on his 65th birthday

The cypherpunk was one of the first people besides Satoshi Nakamoto to mine Bitcoin blocks, and reported many of the early bugs. It’s been more than ten years since computer scientist Hal Finney became the recipient of the first transaction on the Bitcoin blockchain, and his impact on crypto as a technology is still felt today. Finney was one of the first people to respond to Satoshi Nakamoto’s post on the cypherpunks mailing list, with some in the space still believing he was one of the pseudonymous individuals behind the…

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Bitcoin Depot Deploys Over 350 ATMs in the US, Global Number Exceeds 19,000

Cryptocurrency ATM operator Bitcoin Depot has launched 355 new teller machines across the United States. The announcement comes as the number of ATM locations supporting crypto-fiat exchange now exceeds 19,000 globally. US Company Bitcoin Depot Expands ATM Coverage in 40 States Bitcoin Depot, which runs a growing network of crypto teller machines in the U.S., has added 355 new kiosks only in the past month. In March, it announced the launch of 115. Its ATMs allow registered users with a wallet to acquire cryptocurrency. For amounts of less than $250,…

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